ABC Data first quarter sales up 5%

Central & Eastern Europe distributor ABC Data has announced first quarter sales of US$279.8m – up 5% year-on-year. Gross margins for the period were 5.8%, resulting in a gross profit of US$16.12m Net profits were up 60% year-on-year at US$615,730 – a profit margin of 0.22%. Ilona Weiss, president of the management board of ABC Data, said: “We’re very happy that regardless of the current market situation, ABC Data Group is able to constantly achieve one of the highest [gross] margins in the IT distribution industry. In the first quarter of 2018 it reached 5.8%, which only confirms the effectiveness of our business activities.”

“Currently, our focus is on maintaining the upward trend. Estimated sales revenues of ABC Data in April 2018 were 17% higher than a year ago, which means that we are on track to achieve our goal,” she added.

Andrzej Kuźniak, VP of the management board of ABC Data, added: “In the last quarter, we achieved, among others, a 41% increase in sales revenues in Slovakia, a 26% increase in Romania and a 16% increase in the Baltic countries of Lithuania, Latvia and Estonia. Such good results are, in addition to other things, due to dynamic development of our sales channels in individual countries of the region, growing sales of Xiaomi devices in the Baltic markets, as well as increasing sales of components in most of the countries in which we are directly present.”

In the first quarter of the year, ABC Data focused on further development of the mobile sector. As a result, iSource, a subsidiary of ABC Data, maintained its leading position in distribution of Apple devices. ABC Data also maintained its active cooperation with Xiaomi. In addition to a significant increase in the number of Xiaomi products available in ABC Data’s portfolio, the company opened the first authorised Mi Store in Warsaw, Poland. The store offers the entire range of Xiaomi products officially distributed in Poland.